Updated May 13, 2025
Aaron Kahen & Ariel Kahen Of KP Developers Acquire Development Site In Corona For $1.4M
110 18 Corona Avenue
$1,400,000
Building Size
—
Asset Type
Development Site
Closing
Apr 29, 2025
About this deal
AI
The asset involved in this transaction is a development site located at 110-18 Corona Avenue in the Corona market. The sale price for the site was $1,400,000.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $1,400,000
- Buyer: Aaron Kahen & Ariel Kahen - KP Developers
- Seller: Anthony Tuffaro
- Transaction Date: 4/30/2025
The buyers, Aaron Kahen and Ariel Kahen, are associated with KP Developers and are actively seeking additional residential and commercial development sites across the five boroughs of NYC. They are open to opportunities involving vacant buildings, free market buildings, retail, and office buildings, and encourage potential contacts via their investment email at [email protected].
Players
Corona Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93